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klasskru [66]
3 years ago
10

Why is that market economies can often allocate resources in a more efficient and robust way than centrally planned economies?

Business
1 answer:
sammy [17]3 years ago
5 0

Answer:

Because market economies want to make money

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Suppose there are only two producers of aircraft in the world, AirCraft in the United States and AirEurope in the European Union
Jlenok [28]

Answer:

1. AirEurope should produce if it wants to maximize its profit.

2.  False

Explanation:

New payoffs after subsidy:

Aircraft/ AirEurope               Produce     Not Produce

Produce                                 -3 , <u>6</u>              75 , 0

Not Produce                          0 , 74              0 , 0

With a $9 million subsidy, regardless of whether Aircraft produces or not, AirEurope should<u> produce</u> if it wants to maximize its profit.

The statement is false (Aircraft would earn a negative payoff if it enters).

8 0
2 years ago
John receives a marginal benefit of $80 from one missile. Nick receives a marginal benefit of $50 from one missile. Christina re
swat32

Answer:

Economy's marginal social benefit=$65

Explanation:

The economy's marginal social benefit can be calculated by getting the average of the individual marginal benefit.

This can be expressed as;

Economy's marginal social benefit=Sum of individual marginal benefit/Total number of individual's

where;

Sum of individual marginal benefit=John's marginal benefit+Nick's marginal benefit+Christina's marginal benefit=(80+50+65)=$195

Total number of individuals=3

replacing;

Economy's marginal social benefit=195/3=65

Economy's marginal social benefit=$65

7 0
3 years ago
You just sold a futures contract on €. Each contract is for €125,000 and the price you sold for the € is $1.20 for each €. What
Yuliya22 [10]

Answer:

The profit is $12,500

Explanation:

The profit on the contract can be computed using the formula below:

profit/loss on the contract=(forward price-spot rate)*volume of currency sold

forward price is 1 euro to $1.20

spot price     1 euro to  $1.10

volume of currency sold is Euros 125,000

profit/loss on the contract=($1.20-$1.10)*125,000

                                             =$12,500

Invariably the trader sold each US dollar $0.10 more than the spot rate ($1.20-$1.10),when that is multiplied the volume of Euros sold,it gives $12,500 in profit.

This implies that the buyer could have bought the currency cheaper on contract date

3 0
2 years ago
Which of the following statements is TRUE?
vaieri [72.5K]
I think that A is the answer
8 0
3 years ago
Read 2 more answers
_____ laws give only the creator exclusive rights, meaning no one else can reproduce, distribute, or perform the literary and ar
adell [148]
The answer is copyright laws. It is because the copyright laws is where a creator is somewhat protected his or her properties such as works, articles, artworks and people who used his or her works without his or her permission will be held liable.
8 0
3 years ago
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